The supply chain refers to
A) the supply curve.
B) the process of outsourcing.
C) the process of downsizing.
D) the process of creating and selling a product.
D
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Reading a Consumer Reports review of a vacuum cleaner before buying is the same way of dealing with information asymmetry as:
A. an employer requiring a drug test. B. an insurance company offering different deductible-level plans. C. a buyer choosing a used car from a brand dealership. D. a college charging a high tuition relative to other schools.
Consider a market that is in equilibrium. If it experiences both an increase in demand and an increase in supply, what can be said of the new equilibrium? The equilibrium:
A. price and quantity will both rise. B. quantity will definitely rise, while the equilibrium price cannot be predicted. C. price will definitely rise, while the equilibrium quantity cannot be predicted. D. price and quantity will both fall.
From 1960 to about 1980 the net capital outflow of the U.S. was typically
a. small but always positive. b. small and sometimes negative and sometimes positive. c. large and positive. d. large but sometimes negative and sometimes positive.
A company office can be thought of as
A) a land and labor combination. B) a trade-off with land. C) physical capital. D) a type of entrepreneurship.